LONDON – Pirate attacks off West Africa’s mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the costs and jeopardise the shipping of commodities from the region.
The Gulf of Guinea, which includes Nigeria, Ghana and Ivory Coast, is a major source of oil and cocoa and increasingly metals for world markets, although international navies are not actively engaged in counter-piracy missions in the region.
Unlike waters off Somalia and the Horn of Africa, where ships can transit past at high speed with armed guards on board, many vessels have to anchor off West African coastal nations, with little protection, making them a soft target for criminals.
A study published on Tuesday showed piracy in the Gulf of Guinea cost the world economy between US$740m and US$950m last year and that figure is expected to grow in 2013.
Kaija Hurlburt of advocacy group Oceans Beyond Piracy (OBP), which co-authored the report, said the type of vessels attacked had become more diverse. “The impact on the commercial trade sector is a problem,” she said.
A separate study by OBP earlier this year estimated the cost of Somali piracy fell 12.5% in 2012 to US$5.7bn-US$6.1bn, helped by vigorous navy action, the deployment of private armed security guards and defensive measures on ships.
In contrast, the World Bank in April estimated Somali piracy may still cost the world economy about US$18bn a year.
Data from watchdog the International Maritime Bureau, another of the latest study’s authors, showed attacks in the Gulf of Guinea for the year to date reached 67 incidents, versus 34 in the same period last year. These included five attacks off Togo, versus five in the same period last year.
Apart from the fear of increasingly violent attacks in the Gulf of Guinea, the study said seafarers were concerned that authorities in the region could not be relied upon.
“We had a ‘port inspection’ and they took eight tins of paint, two coils of rope, and several bottles of whiskey,” one seafarer said in the report. “If the ‘authorities’ do this, who do we rely on for help?”
Last week the Joint War Committee, which groups syndicate members from the Lloyd’s Market Association (LMA) as well as representatives from London’s insurance company market, added Togo to its list of high risk areas for merchant shipping, which already includes Nigeria and Benin. – Nampa-Reuters
